The bullish performance of the local financial markets came with the support of the major shares of banks and transport stocks, especially Aramex, which is considered the most prominent gainer in the Dubai Financial Market during the past week, amid a momentum of excess liquidity in both markets, about 8.33 billion dirhams.
Foreigners seized an opportunity to buy in the UAE financial markets by about 1.43 billion dirhams in both markets, and this came amid total market gains estimated at 14.9 billion dirhams.
Dubai Financial Market
During the past week, the Dubai Financial Market index rose by 2.43% at the level of 2857 points.
The performance of the Dubai Financial Market coincided with the rise of the Banking and Investment indices, up 1.38% and 4.42%, respectively, as well as the Real Estate Index by 2.29%, and the Transportation Index, which had the largest increase, by 9.93%, thanks to the remarkable performance of Aramex.
The value of trading in the Dubai Financial Market amounted to about 2.158 billion dirhams, supported by the implementation of a large deal on Aramex shares and the acquisition of more than 20% of its shares.
And the market value of the Dubai Financial Market at the end of last week recorded about 391.028 billion dirhams, compared to a value of 385.526 billion dirhams in the previous week, to gain about 5.5 billion dirhams.
Abu Dhabi Securities Exchange
During the past week, the Abu Dhabi Securities Index rose by 0.83% at the level of 7876 points, supported by the rise in the Banks Index, which rose by 0.71% in conjunction with the rise in the shares of First Abu Dhabi and Abu Dhabi Commercial.
While the investment index declined by 0.5%, and the energy index decreased by 0.09%.
The value of trading in the Abu Dhabi Stock Exchange was 6.18 billion dirhams through 1.04 billion shares, through 31.47 thousand deals.
The market value of the Abu Dhabi Securities Exchange at the end of last week (Wednesday’s last session of the week) recorded 1.4678 trillion dirhams, compared to a value of 1.4584 trillion dirhams at the end of the previous week, with a profit of 9.4 billion dirhams.
The winners and losers
Aramex’s stock topped the gainers last week, with an increase of 18.97%, in conjunction with the implementation of the French “Geopost” acquisition of a 20% stake in it, recording the highest level in nearly 8 months.
The value of trading on the stock during the week reached 1.57 billion dirhams through 335.53 million shares.
Followed by Tabreed’s share, recording an increase of 10.67%, then Ann, Amanat Holding and Dubai Financial Market by 7.69%, 6.31%, and 5.85%, respectively.
During the past week, Emaar’s share rose by 2.3%, while Dubai Islamic and Dubai Investments rose by 2.42% and 4.24%, respectively, and Emirates NBD rose by 0.73%.
While Al-Firdaws Holding topped the falling shares in the Dubai market by 18.73%, followed by IPO and Du by 5.58% and 3.64%, respectively.
In the Abu Dhabi Securities Exchange, the stock of Ras Al Khaimah Cement topped the gaining shares with a growth of 48.65%, followed by Ras Al Khaimah Cement by 36.06%, and then Al Qudra Holding by 22.91%.
While First Abu Dhabi rose by 0.56%, topping the market’s trading value by 1.43 billion dirhams, while Global Holding declined by 0.48%, executing transactions worth 1.15%, and Aldar Properties fell by 0.49%.
Etisalat Group’s share rose by 2.49%, and Abu Dhabi Commercial rose by 1.85%.
foreign investors
Foreigners seized an opportunity to buy in the UAE financial markets last week, with a total trading volume of 4.61 billion dirhams, with a net purchase of 1.43 billion dirhams.
Foreigners tended to buy in the Abu Dhabi market with a total of 2.29 billion dirhams, equivalent to 18.57% of the total market trading, through 1.25 billion dirhams worth of shares purchased and 1.04 billion dirhams value of shares sold, with a net purchase of 213.9 million dirhams.
In contrast, the Emiratis tended to sell in the Abu Dhabi market, with a net of 186.29 million dirhams, with a total turnover of 9.51 billion dirhams.
While the Arabs tended to buy in the Abu Dhabi market, with a net amount of 15.7 million dirhams, compared to a net sale by «Gulf Arabs» that amounted to 43.39 million dirhams.
In the Dubai Financial Market, foreigners tended to buy in the Dubai Financial Market by about 1.13 billion dirhams, while the total foreign trades amounted to 2.32 billion dirhams, through 1.72 billion dirhams the value of purchased shares and 595.3 million dirhams the value of sold shares.
On the other hand, the Arabs and the Gulf people tended to sell with a net of 31.77 million dirhams and 533.35 million dirhams, respectively.
While the Emiratis tended to sell in the Dubai market, with a net of 567.86 million dirhams, through 324.8 million dirhams, the value of the shares purchased, and 892.7 million dirhams the value of the shares sold.
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